FAQ
What is a cash advance?
Can I qualify for a cash loan or a cash advance?
How much money can I get from a cash loan?
How do I access the cash from my loan?
Should I be worried about my bad credit or bankruptcy?
How long does a cash advance take?
Do I need a fax machine or printer?
How much does it cost?
What happens if I am late on a payment or need to skip a payment?
How and when do I repay the loan?
What if I fail to make a payment?
How do I extend or refinance an existing loan?
What is our Policy on Responsible Lending?
What is a cash advance or cash loan?
A cash advance, sometimes called a cash loan, is a loan based on your ability to pay the borrowed funds back with your next paycheck or other source of regular income. Many people who fear being turned down for a traditional loan find that a cash advance is available to them, since it is based on the future ability to pay and not one's past credit record.
Can I qualify for a cash loan or a cash advance?
It works with numerous lenders to ensure our customers get the best loan opportunities available to them. Each lender has their own qualifications and requirements for loan approval. The basic requirements include:
- U.S. Citizenship
- Having reached a minimum of 18 years of age
- Having a job or another steady source of income
- Having a bank account that allows electronic deposits
How much money can I get from a cash loan?
As with other specifics, this is a question that can ultimately only be determined by your lender. If you qualify, you could be eligible for a loan between $100 and $1000 in cash. But from Blue Sky Loans you can get up to $5000. The best way to find our how much you can qualify for is by registering online today!
How do I access the cash from my loan?
If approved for a loan, your cash will be available in most cases within 24 hours and is wired by the lender directly to your bank account. You simply withdraw the amount you desire from your regular bank account! There are no special checks to cash and no drives to the loan store to pick up cash. You can withdraw the money from your ATM or make an electronic transfer of your funds to pay your bills or meet other obligations.
Should I be worried about my bad credit or bankruptcy?
The lenders that we will connect you to are eager to work with people who need a second chance to get their financial future in order. Many people who might be turned down by traditional lenders are approved for cash advances. The best way to determine of you are eligible for a cash advance is to fill out our online form today. It takes only a few minutes to complete. Our lenders would love the chance to work with you to provide the cash you need to meet your financial needs.
How long does a cash advance take?
You could be approved for a cash loan between $200 and $1000 dollars! Since all of the process -from application to funds delivery- takes place electronically, the time in which you receive your cash can be as few as 24 hours!
Do I need a fax machine or printer?
It's important to be able to print your loan documents and other paperwork for your records. This, however, doesn't mean you need to own a fax machine or printer to complete the process. By using the ID numbers provided, you can print a copy of your loan paperwork at the site of your choice -library, shipping store, etc.
How much does it cost?
Our services are FREE WITH NO OBLIGATION. We are not a lender or a broker. We do not make cash advances or credit decisions. We do not charge you any fees for our services. We have a material financial connection to the network the provider of the goods and services referred to on this site whereby we receive payment for each potential customer referral.
The fees and rates you will be charged for the loan are provided to you in a written document by the lender after acceptance of your application and before you are requested to digitally sign a loan agreement. If you are accepted by one of our Participating lenders APR and fees they will charge for the loan will be provided to you in a written document that you should review carefully before you are asked to sign any loan agreement. Please remember that we are not the lender and therefore cannot provide you with specific rate information for each and every lender to whom you may be referred. If our Participating Lender does not extend an application and loan to you, there is no cost to you at all. See our Fee page for more information.
What happens if I am late on a payment or need to skip a payment?
Most lenders apply a late fee for missing the loan payment deadline or asking to skip a payment. The type of fee is given to you by the lender before you are asked to digitally sign a loan agreement. Please read these carefully before accepting the terms of the loan. Additional fees may apply so please read the terms of the loan prior to acceptance. See our Fees page for more information.
How and when do I repay the loan?
One of the great benefits to a cash loan is that you don't have to deal with payments, payment coupons, or even remembering the date your loan payment is due. With a cash advance, you promise to pay back the loan with your next paycheck. This amount is deducted directly from your account by the lender with whom you have an agreement on the date and time specified in your loan agreement.
What if I fail to make a payment?
If you run into trouble making the repayment, then contact the Participating Lender and let them know. Each Participating Lender in our network has different policies regarding late payments. The one that governs your loan was in the lender's loan documents you were given before you applied your e-signature. State laws may also regulate how late-payment fees are determined and the amount of additional fees and interest the Participating Lender can charge.
If you need an extension to repay the loan, then again contact the Participating Lender and let them know. Each State has a statute which allows a loan extension. Some states allow multiple rollovers, while others forbid the practice entirely. It is entirely dependent on the State you reside in and your Participating Lenders policy.
If you default or fail to pay the loan altogether, you may be subject to additional fees and costs but these will be described in the loan agreement or the applicable State Statute.
How do I extend or refinance an existing loan?
Contact your lender directly. Each lender has its own policies and approval process for refinance and extension of loans. Keep in mind that additional fees and interest will likely be incurred. Please refer to the specific guidelines outlined in your loan documents if approved for a cash advance.
What is our Policy on Responsible Lending?
It remains dedicated to providing consumers with introductions to Participating Lenders who do not engage in illegal lending practices. While we are not a lender, it requires its Participating Lenders to adhere to the regulations set our in the fair lending laws such as the Truth in Lending Act. All Participating Lenders provide our referrals a written document providing the rates, fees, late charges, rollover charges, and all other details of their loan before asking our referral to sign the loan documents. We know of no Participating Lender who has violated state regulatory legislation.
In addition, our Participating Lenders engage in "fair lending practices", which is defined as "fair, equitable, and nondiscriminatory access to credit for consumers" in the he Dodd-Frank Wall Street Reform Act. This Act provides consumers an avenue to file a complaint for any regulatory violation pertaining to their cash loans with the Consumer Financial Protection Bureau.
This site is not an actual lender and, as a result, does not collect debts from consumers. However, our Participating Lenders follow the applicable state and federal statutes pertaining to fair debt collection. They contact their customers by telephone anytime before 8 a.m. or after 9 p.m.; the contact they have with their customer is never intended to annoy, harass, or abuse you at anytime; they do not collect the debt through deception or misrepresentation and they do not threaten any legal action against you unless it is permitted by State statute.
If one of our Participating Lenders violates this policy or any applicable statute, it does not hesitate to cease conducting business with that Lender.